View Single Post
  #9  
Old 12-29-2002, 04:26 PM
Fvstringpicker's Avatar
Fvstringpicker Fvstringpicker is offline
LawnSite Fanatic
 
Join Date: May 2002
Location: columbus, georgia
Posts: 6,903
Just to clarify my above post. I used equipment and assets interchangeably. Certain assets, (land), are not deductable.
You also have a choice of whether to take the deduction for depreciable assets as a one time write off under section 179
( within limits) or as depreciation over their useful (depreciable) life. Defining useful life for tax purposes is a whole new ball game.
Reply With Quote
 
Page generated in 0.04203 seconds with 7 queries